BM UNIT 1.5 GROWTH AND EVOLUTION

Front

What is the primary purpose of a business?

Back

To make a profit

Front

Which of the following is a characteristic of a sole proprietorship? Limited liability, Owned by shareholders, Single owner, Separate legal entity

Back

Single owner

Front

Identify one key difference between a public limited company and a private limited company.

Back

Public limited companies can sell shares to the general public.

Front

Explain why businesses set organizational objectives.

Back

To provide direction and motivation

Front

Which stakeholder group is primarily concerned with the profitability of a business? Options: Employees, Customers, Shareholders, Suppliers

Back

Shareholders

Front

Analyze how a business's growth can impact its stakeholders.

Back

Growth can lead to more job opportunities but may also increase pressure on employees.

Front

What is a potential disadvantage of a business expanding too quickly?

Back

Strain on resources and management

Front

Evaluate the impact of technological advancements on business growth and evolution. Options: Technology always leads to reduced costs, Technology can create new opportunities but may also disrupt existing markets, Technology has no impact on business growth, Technology only benefits large corporations

Back

Technology can create new opportunities but may also disrupt existing markets

Front

Which of the following is a reason why businesses might change their organizational objectives? To maintain the status quo, To respond to changes in the external environment, To reduce employee engagement, To increase production costs

Back

To respond to changes in the external environment

Front

Discuss the role of stakeholders in influencing a business's strategic decisions.

Back

Stakeholders can provide valuable insights and pressure that shape strategic decisions.